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30 Nov 2020 17:22
ECR MINERALS plc
(“ECR Minerals”, “ECR” or the “Company”)
BLOCK LISTING APPLICATION
ECR Minerals plc (LON: ECR), the gold exploration and development company focussed on Australia, announces that an application has been made to the London Stock Exchange for a block listing of securities in respect of 32,142,862 ordinary shares of £0.00001 each (the 'New Ordinary Shares') to be admitted to trading on AIM.
The New Ordinary Shares will be issued from time to time in order to satisfy certain warrants which may be exercised. It is expected that admission will become effective on 4 December 2020.
The block listings consist of 32,142,862 ordinary shares in respect of the 17 December 2018 warrants which are exercisable at any time until 21 December 2020 at a price of 1.125p per share the “December 2018 Subscription Warrants Scheme”
For the avoidance of doubt these applications are not applications to list the warrants themselves on any regulated market but merely an administrative measure to ensure that the Company does not need to make multiple applications for admission of ordinary shares to trading on each separate occasion when the existing warrants are exercised by holders. The warrants remain in uncertificated form and there are no changes to the terms and conditions of the warrants.
The Company will make six-monthly announcements of the utilisation of the Block Admission, in line with its obligations under AIM Rule 29.
When issued, the New Ordinary Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of £0.00001 each in the capital of the Company ('Ordinary Shares').
FOR FURTHER INFORMATION, PLEASE CONTACT:
ECR Minerals plc |
| Tel: +44 (0)20 7929 1010 |
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David Tang, Non-Executive Chairman |
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Craig Brown, Director & CEO |
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Email: info@ecrminerals.com |
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Website: www.ecrminerals.com |
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WH Ireland Ltd |
| Tel: +44 (0)161 832 2174 |
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Nominated Adviser |
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Katy Mitchell/James Sinclair-Ford |
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SI Capital Ltd |
| Tel: +44 (0)1483 413500 |
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Broker |
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Nick Emerson |
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ABOUT ECR MINERALS PLC
ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd has 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia.
Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX), ECR has the right to receive up to A$2 million in payments subject to future resource estimation or production at those projects.
ECR has earned a 25% interest in the Danglay gold project, an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines, and holds a royalty on the SLM gold project in La Rioja Province, Argentina.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201130005773/en/
Copyright Business Wire 2020
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